India's quest to become a major iPhone manufacturing hub has encountered a significant obstacle. The US has imposed "reciprocal tariffs" on over 180 countries, including India, which has been slapped with a 26% tariff. Although this rate is lower than China's 54% and Vietnam's 46%, Indian officials are still concerned about the impact on the country's electronics manufacturing sector. The US is India's largest trading partner, accounting for 18% of total goods exports. The 26% tariff could severely affect electronics shipments, profitability, and supply chains. Per a Doordarshan news report, Ashok Chandak, President of the Indian Electronics and Semiconductor Association (IESA), stated that the tariff regime poses a significant challenge to India's exports. “The 26 per cent tariffs imposed by the US present a significant challenge to India's exports... While India is better positioned than many other economies, these tariffs can potentially impa...
As Greenland and Denmark, of which it is a part, have vociferously rejected Donald Trump's "strategic buyout" proposal, Washington has struck back, trying to wedge its way in. In a retort to Denmark's Prime Minister Mette Frederiksen, US Secretary of State Marco Rubio said Denmark must accept the fact that Greenland no longer wants to be a part of it. "Denmark should focus on the fact that Greenlanders do not want to be a part of the country anymore. Greenlanders are going to make a decision," Mr Rubio said at the NATO headquarters in Brussels. Greenland's incoming prime minister Jens-Frederik Nielsen immediately rejected the statement saying Mr Rubio is wrong in saying so. "He is not right that Greenland wants to secede tomorrow," he said. However, he did acknowledge that Greenland wants to attain independence in the long run. "Greenland does not want to be Danish, but Greenland certainly doesn't want to be American either," h...